** The company’s gross margins during fiscal years 2013-2017 have been between 26 pct and 31 pct, which is lower compared with the gross margin of about 40 pct for peer DFM Foods Ltd in fiscal 2017 - Angel Broking

** To justify such high valuations, remarkable improvement in profitability is required, which may come at the cost of lower growth - analysts at Angel Broking say

** DFM Foods up as much as 5.5 pct in a Mumbai market that is down 0.1 percent as of 0540 GMT ($1 = 65.0900 Indian rupees)